Foreign aid to the People's Republic of China takes the form of both bilateral and multilateral official development assistance and official aid to individual recipients.
In 1978, China and Japan had normalized the diplomatic relations. Deng Xiaoping had been to Japan to sign the treaty & seen the development of Japan. As a result, China had decided to borrow 220 million dollars in soft loan from Japan when the amount of foreign currency preparation was 167 million dollars & poured the money into social infrastructures.
In 2001 it received US$1.4 billion in such disbursements, or about US$1.10 per capita. This total was down from the 1999 figures of US$2.4 billion and US$1.90 per capita. In 2003 China received US$1.3 billion in such disbursements, or about US$1 per capita. Like other countries in recent years, the United States has rapidly lowered foreign aid to China, reaching about $12 million dollars from USAID for 2011. The aid goes to Tibetan communities, rule of law initiatives, and climate change policy. In 2011, the $3.95 designated for climate change was the subject of a critical Congressional panel hearing titled Feeding the Dragon: Reevaluating U.S. Development Assistance to China.
Some of this aid comes to the People's Republic of China (PRC) in the form of socioeconomic development assistance through the United Nations (UN) system. The PRC received US$112 million in such UN assistance annually in 2001 and 2002, the largest portion coming from the UN Development Programme (UNDP).
Famous quotes containing the words foreign, aid, people, republic and/or china:
“Go to foreign countries and you will get to know the good things one possesses at home.”
—Johann Wolfgang Von Goethe (17491832)
“Manners aim to facilitate life, to get rid of impediments, and bring the man pure to energize. They aid our dealing and conversation, as a railway aids travelling, by getting rid of all avoidable obstructions of the road, and leaving nothing to be conquered but pure space.”
—Ralph Waldo Emerson (18031882)
“For people may not know what they think
about politics in the Balkans,
or the vexed question of men and women,
but everyone has a definite opinion
about the flavour of shredded coconut.”
—Louis Simpson (b. 1923)
“Who is this Renaissance? Where did he come from? Who gave him permission to cram the Republic with his execrable daubs?”
—Mark Twain [Samuel Langhorne Clemens] (18351910)
“Consider the China pride and stagnant self-complacency of mankind. This generation inclines a little to congratulate itself on being the last of an illustrious line; and in Boston and London and Paris and Rome, thinking of its long descent, it speaks of its progress in art and science and literature with satisfaction.... It is the good Adam contemplating his own virtue.”
—Henry David Thoreau (18171862)